The government is working on creating domestic capacity for the equipment being imported in the country, reportedly said Sunil Barthwal, Joint Secretary, Ministry of Steel, at an ASSOCHAM event held in New Delhi.

Tata Power has been relentlessly working to bridge the skilled labour gap in the Indian power sector. In line with this focus, Tata Power, through its skill development endeavor, Tata Power Skill Development Institute (TPSDI) has successfully trained 13,527 people in FY2018, thereby enhancing their employability prospect.

As per data from the Power Ministry, almost one third of the distressed power plants are unable to repay loans totalling crores of rupees are in Chhattisgarh. The ministry recently submitted a list of 34 such projects to a parliamentary panel on energy.

According to a source in the Ministry of Power, the government recently set up a high-profile panel, chaired by Amitabh Kant, CEO, NITI Aayog, to cater to the issue of stressed assets in the power sector.

Addressing the shareholders at Hindalco’s 58th AGM, Kumar Mangalam Birla, Chairman, Hindalco, was optimistic on the economy front and on Hindalco’s future growth trajectory. He remarked that, “The abiding sense is one of immense optimism and confidence in the future with the nation slated to grow at 7.5 per cent to 8 per cent.